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that we need to have a grand bargain and it needs to go into effect right away? or do you agree with this, get the grand bargain, but delayed for a year or two, as the people on the democratic side of the debate have argued? >> my job is economic policy adviser. i am best at leading the policy -- politics to someone else. as an economist, the right strategy is to get our fiscal house in order, to make lasting commitment to show we can do that and we are going to do that. that requires additional revenue as well as spending cuts. we also want to healthy economy in the short run. the present proposed tax cuts that will healthy economy in the short run. the group that am best at leadit propensity to consume is the wealthy. there was a report released that concluded that extend the middle class tax cuts would create $1.6 million -- 1.6 million jobs compared to letting them expire. if you take the revenue raised from allowing the top rates to expire and use that to do things like hiring more school teachers, use it to provide unemployment benefits for those who are un
that we need to have a grand bargain and it needs to go into effect right away? or do you agree with this, get the grand bargain, but delayed for a year or two, as the people on the democratic side of the debate have argued? >> my job is economic policy adviser. i am best at leading the policy -- politics to someone else. as an economist, the right strategy is to get our fiscal house in order, to make lasting commitment to show we can do that and we are going to do that. that requires...
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jon: right. >> that's a great point. jon: he told those two male senators, mccain and lindsey graham, called them out by name and said, essentially, if you want to criticize her, come after me. [laughter] interesting times in washington. judy miller, kirsten powers, thank you both. >> thank you. jon: be sure to tune in tomorrow, 2:30 eastern time and again at 11:30 p.m. where we will cover the coverage and uncover media bias, or so we hope. and right after "happening now," be sure to tune in to "america live" with megyn kelly. she talked with congressman peter king. he has a lot to say about the administration's story after the benghazi attacks and about the petraeus testimony that took place behind closed doors just this morning. jenna: we'll look forward to that, a lot more clarity on what he's thinking right now. in the meantime, we're going to move on to this part of hurricane sandy. from new jersey to new york, places of worship are struggling to recover after that storm's wrath. normally, a place of worship is a pl
jon: right. >> that's a great point. jon: he told those two male senators, mccain and lindsey graham, called them out by name and said, essentially, if you want to criticize her, come after me. [laughter] interesting times in washington. judy miller, kirsten powers, thank you both. >> thank you. jon: be sure to tune in tomorrow, 2:30 eastern time and again at 11:30 p.m. where we will cover the coverage and uncover media bias, or so we hope. and right after "happening now,"...
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president obama kill the pipeline the lease until after the election. can union workers convince him to start laying the pipe? will be his hostilities resulted in a wider war? we use this board to compare car insurance rates side by side so you get the same coverage, often for less. that's one smart board. what else does it do, reverse gravity? [ laughs ] [ laughs ] [ whooshing ] tell me about it. why am i not going anywhere? you don't believe hard enough. a smarter way to shop around. now that's progressive. call or click today. [ grunting ] lou: with israel may want to ground operation against the gaza strip after palestinians fired 200 rockets into israel. three israelis have been killed. troops and tanks are moving toward the border. the government called up 30,000 reservists the escalation comes one day after the missile strike killed palestinians including the top military commander of hamas. the white hoe blames the loss for the explosion of violence after what has been a difficult truce. doing the me now is katie mcfarlane from nixon, ford nixon
president obama kill the pipeline the lease until after the election. can union workers convince him to start laying the pipe? will be his hostilities resulted in a wider war? we use this board to compare car insurance rates side by side so you get the same coverage, often for less. that's one smart board. what else does it do, reverse gravity? [ laughs ] [ laughs ] [ whooshing ] tell me about it. why am i not going anywhere? you don't believe hard enough. a smarter way to shop around. now...
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president obama called benjamin netanyahu to pledge his support and morsi to assert israel's right to condemn itself and president morsi did not agree. saying today and i quote... >> eliot: to discuss the growing violence in gaza, i'm joined by our good friend, recently re-elected congressman jerry nadler of new york. sir, always a pleasure to have you on the show. >> good to be here. >> eliot: this is an escalation and a moment of tension that's unparalleled in recent years with one of the strikes, the missiles from gaza actually landing in a suburb of tel aviv. what is the next step to hopefully de-escalate this crisis? >> i'm not sure. the next step, if it is going to be deessa cated the next step is for the president to talk to perhaps to the egyptians and through them to hamas and get everybody to step back. that's what hopefully will happen. >> eliot: hamas has been launching, as i just said, on a daily basis 1,000 missiles over the past year. israel said enough is enough. the president has clearly stated as rightly he should, that hamas' behavior in ghana is unacceptable. was t
president obama called benjamin netanyahu to pledge his support and morsi to assert israel's right to condemn itself and president morsi did not agree. saying today and i quote... >> eliot: to discuss the growing violence in gaza, i'm joined by our good friend, recently re-elected congressman jerry nadler of new york. sir, always a pleasure to have you on the show. >> good to be here. >> eliot: this is an escalation and a moment of tension that's unparalleled in recent years...
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the increase in taxes according to president obama right now, by taxing the wealthy. you know, if you just allow the tax rates to go up to clinton era tax rates in the top two brackets, that would only raise $34 billion. last year we experienced a $1,090 billion deficit. you might get up to $80 billion. again, $80 billion versus that. so that's the revenue he wants to raise. that's what he hoodwinked the american people into believing that that's going to soft the debt issue. it doesn't even close the deficit by 8%. where the spending cuts? he talks about one dollar for three, one dollar for two and a half. i have yet to see a proposal out of this administration, or democrats in the senate who haven't passed a budget in three and a half years. so listen, i think republicans are willing to compromise for democrats. but but need to see their plan. i've never seen their plan. the only thing we've seen out of this president, out of democrats, is let's increase taxes, punish success. the most that will generate revenue $80 billion a year, talking about $1,090 billion defic
the increase in taxes according to president obama right now, by taxing the wealthy. you know, if you just allow the tax rates to go up to clinton era tax rates in the top two brackets, that would only raise $34 billion. last year we experienced a $1,090 billion deficit. you might get up to $80 billion. again, $80 billion versus that. so that's the revenue he wants to raise. that's what he hoodwinked the american people into believing that that's going to soft the debt issue. it doesn't even...
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what you see so much is the right trying to raise the political price for obama in this, when there's really no there there. we saw some of that with john mccain who has been trying to get to the bottom of benghazi. it's been so important for him, and yet, he skipped the classified hearing about this. why did he skip it? because his office said that he had a previously scheduled engagement. what was that? a press conference where he dissing the president and get answers. really? >> let's put mccain in perspective here, because he's the point man on capitol hill and really insinuating that there's something, you know not on the up and up going on here with the white house. john mccain is acting out of sour grapes here. that defines his career. think back a decade, but john mccain was ever democrat's favorite republican. why? he ran against george w. bush and he lost, and he didn't take the loss well. when george w. bush made president, john mccain didn't miss a single opportunity to stick it to the bush administration. hard to believe now john mccain in 2001 voted against the bush tax
what you see so much is the right trying to raise the political price for obama in this, when there's really no there there. we saw some of that with john mccain who has been trying to get to the bottom of benghazi. it's been so important for him, and yet, he skipped the classified hearing about this. why did he skip it? because his office said that he had a previously scheduled engagement. what was that? a press conference where he dissing the president and get answers. really? >> let's...
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[ laughter ] that's crazy, right? wow." speaking of obama, the president has declared today "america recycles day." [ cheers ] which reminds me, obama hosted a screening of "lincoln" at the white house. and after the movie, biden was like, "i did not see that ending coming!" [ laughter ] so excited, you guys. we have katie holmes tonight! [ cheers and applause ] comedian russell peters! [ cheers and applause ] and amazon founder jeff bezos on the show tonight. [ cheers and applause ] and this is cool. since we booked jeff bezos in advance, he was delivered with free shipping and handling! so we saved -- saved a lot of -- >> steve: oh, my god. that's 'cause you're prime. >> jimmy: check this out. a new survey found that 9% of americans have their childhood dream job. wow, i had no idea there were that many ghostbusters. [ laughter ] >> steve: who you gonna call? >> jimmy: yeah. yeah. this isn't good, you guys. the calculator manufacturer, texas instruments, announced that it's cutting 5% of its workforce. when the ceo made t
[ laughter ] that's crazy, right? wow." speaking of obama, the president has declared today "america recycles day." [ cheers ] which reminds me, obama hosted a screening of "lincoln" at the white house. and after the movie, biden was like, "i did not see that ending coming!" [ laughter ] so excited, you guys. we have katie holmes tonight! [ cheers and applause ] comedian russell peters! [ cheers and applause ] and amazon founder jeff bezos on the show tonight....
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healthcare access and promotion of the dream act and gay rights. republican governor bobby jindal first attacked that comment wednesday and there is no sign that he's letting up now. just yesterday jindal told cnn if you want voters to like you you have to like them first. and the party needs to appeal to 100% of the electorate. not just 53. that's of course in reference to romney's 47% video. now new mexico governor susanna martinez is adding to that saying romney's remarks demonstrates what sets the party back. and that is that they do not think through their comments very carefully. more bad news for republicans. citizens for responsibility and ethics in washington, that's drew crew is filing complaints with the s.e.c. and the fbi against karl rove and his super pac crossroads gps. crossroads is a 501c4 organization. now that means that it only has to disclose its donors if they give more than $200 to an independent expenditure like a specific candidate. the nonpartisan group crew, says rowe received millions in support of ohio senate candidate
healthcare access and promotion of the dream act and gay rights. republican governor bobby jindal first attacked that comment wednesday and there is no sign that he's letting up now. just yesterday jindal told cnn if you want voters to like you you have to like them first. and the party needs to appeal to 100% of the electorate. not just 53. that's of course in reference to romney's 47% video. now new mexico governor susanna martinez is adding to that saying romney's remarks demonstrates what...
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president obama ran on fairness, and he's about to deliver. we're already seeing this president standing strong on the key issues that won this election. fairness. i was part of a group that met with him today at the white house. he is not backing down. he knows that making this a more fair country, protecting the middle class, is the central issue of our time he will ran on fighting for a system that works for everyone. where everyone gets a fair shot at the american dream. before our group of civic leaders met with the president, he met with the democratic and republican leaders. they know he has it the upper hand. they know he holds the cards in this fight. with the threat of the fiscal cliff looming, that -- when that happens, you're going to see a winner and a winner who won the national election. the republican leaders even the republican leaders seem to get that today. their words were such a change from what we've heard from them before. to show our serious sez, we've put revenuen ot table as long as it's accompanied by significant spe
president obama ran on fairness, and he's about to deliver. we're already seeing this president standing strong on the key issues that won this election. fairness. i was part of a group that met with him today at the white house. he is not backing down. he knows that making this a more fair country, protecting the middle class, is the central issue of our time he will ran on fighting for a system that works for everyone. where everyone gets a fair shot at the american dream. before our group of...
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obama's executive action. now, with the election over, some republicans are weighing if the time is right to attempt to pass this by the end. year. >> rubio says conservatives must better explain that they are for illegal immigration system that works. >> it's really hard to get people to listen to you on economic growth, on tax rates, on health care if they think you want to deport your grandmother. it's come mmon sense how you portray. >> with latinos voting in 2008 they're clearly becoming a more political force. >> i think what was encredibly encouraging was to say a significant increase in latino turnout. >> mitt romney received only 27% of the latino vote, the worst g.o.p. showing since 1996 prompting for some, a sense of urgency about outreach. >> it's only a matter of time where you can't win an election without the hispanic vote. i see good signs that conservatives are paying attention, that they need to speak to the hispanic community. >> congressional sources know that the congressional action was o
obama's executive action. now, with the election over, some republicans are weighing if the time is right to attempt to pass this by the end. year. >> rubio says conservatives must better explain that they are for illegal immigration system that works. >> it's really hard to get people to listen to you on economic growth, on tax rates, on health care if they think you want to deport your grandmother. it's come mmon sense how you portray. >> with latinos voting in 2008 they're...
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. >>> developing now from the white house president obama and congressional leaders right now meeting behind closed doors for negotiations on the so-called fiscal cliff, something that both sides want to avoid but the big question, how much are they willing to give? here's what the president said within the last hour just before the bargaining began. >> our challenge is to make sure that, you know, we are able to cooperate together, work together, find some common ground, make some tough compromises, build some consensus to do the people's business and what the folks are looking for and i think all of us agree on this is action. >> nbc's kristen welker is live at the white house. give us a brief on the expectations going in -- open minded or closed minded from both sides? >> reporter: well, i think both sides are definitely open minded but that is not to say there aren't huge hurdles that they have to get over in order to come to some sort of deal to avoid the fiscal cliff which of course by all accounts if they cannot do that it could lead the economy back into a recession. there is
. >>> developing now from the white house president obama and congressional leaders right now meeting behind closed doors for negotiations on the so-called fiscal cliff, something that both sides want to avoid but the big question, how much are they willing to give? here's what the president said within the last hour just before the bargaining began. >> our challenge is to make sure that, you know, we are able to cooperate together, work together, find some common ground, make...
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expressed his appreciation once again for obama's unequivocal, clear-sighted support for israel's right to defend itself. >> netanyahu is a very sharp character i can say from the experience i had when president clinton was not particularly a supporter of prime minister netanyahu there were times when that difference of political opinion came out, but when the chips are down -- >> a diplomatic way of putting it, jay. >> but when the trips were down, each side knows its operating for their country and not their party. look, it's going to have some discomfort. there will be some cracks made on the side and in the back rooms as these negotiations and discussions are going on. but right now, america is pursuing american foreign policy and israel pursuing its and these two individuals will try to hold their tongues. >> it certainly is a situation that is fluid and we will continue to monitor. always great to have you. thank you so much to jamie rubin. >> as the cia launches its own probe into its intelligence officer, eric holder explains why the justice department waited to inform the white
expressed his appreciation once again for obama's unequivocal, clear-sighted support for israel's right to defend itself. >> netanyahu is a very sharp character i can say from the experience i had when president clinton was not particularly a supporter of prime minister netanyahu there were times when that difference of political opinion came out, but when the chips are down -- >> a diplomatic way of putting it, jay. >> but when the trips were down, each side knows its...
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but the obama administration lined up with the israelis. state department spokesman mark toner said the u.s. believes israel has the right to defend itself. >> our position is clear that there's no justification for the violence that hamas and other terrorist organizations are employing against isrl. and the onus is on them to cease their rocket attacks so that this de-escalation can take place. >> suarez: earlier, i spoke with the israeli ambassador to the united states michael oren to discuss the latest developments. ambassador, what's the latest from tel aviv? where the strikes accurate? have missiles actually hit the city and is anyone snurt >> thankfully nobody was hurt. the rockets struck in the greater tel aviv area. the alarms went off. the sirens, prime minister netanyahu was in the city at the time to a bomb shelter and now this simply means that 4.5 million israelis-- over half the population of the state of israel-- has come under rocket fire from terrorists within gaza >> suarez: does this represent a significant of abilitys in
but the obama administration lined up with the israelis. state department spokesman mark toner said the u.s. believes israel has the right to defend itself. >> our position is clear that there's no justification for the violence that hamas and other terrorist organizations are employing against isrl. and the onus is on them to cease their rocket attacks so that this de-escalation can take place. >> suarez: earlier, i spoke with the israeli ambassador to the united states michael...
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stephanie: yeah right george bush appointed--yeah that's obama's fault. >> and that eric cantor didn't say anything about that, even though you knew something about it but didn't leave his--never mind. >> stephanie: diane in chicago. hi diane. >> caller: how are you this morning? >> stephanie: good go ahead. >> caller: john mccain has post election syndrome like sometimes it may not hit them until four years later and this is what is happening with him. so you know-- >> stephanie: normally you get too hold to old to hold a grudge? i'm too old to care about anything. >> no, they don't. no, they don't. he's thinking, oh, i should have reacted like this four years ago. let me get them now. >> stephanie: exactly. it gets worse and worse. you think he'll be over this by now. i think i'm--would you love to be a fly on the wall in his living room election night? he's the angriest dog in the world because it further validated obama. it was not a fluke. >> i'm sure he might have even wanted to hit something. >> stephanie: interesting. >> not a bit like ed harris. >> stephanie: la von, am i sayi
stephanie: yeah right george bush appointed--yeah that's obama's fault. >> and that eric cantor didn't say anything about that, even though you knew something about it but didn't leave his--never mind. >> stephanie: diane in chicago. hi diane. >> caller: how are you this morning? >> stephanie: good go ahead. >> caller: john mccain has post election syndrome like sometimes it may not hit them until four years later and this is what is happening with him. so you...
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. >> do babies know right from wrong and good from evil. >> president obama hosted a screening of the new movie "lincoln" after the movie joe biden was like whoa i did not see that ending coming. >> i'm charlie rose with gayle king. norah o'donnell is in washington. air raid sirens went off in tel aviv, israel this morning. a rocket fired by militants in gaza landed in the sea. second attack in two days on tel aviv. >> throughout the night israeli forces launched a hundred missiles at gaza city. one hit the interior ministry. egypt's prime minister visited gaza this morning in show of support to hamas. >> images and prop pagan da are distributing instantly. john miller is here with that part of the story. good morning. >> good morning, charlie. >> what are they doing in the way they use social media that's different? >> we've never seen this before which is you've got a shooting war going on that started all of a sudden and you've got the israeli defense forces tweeting out in very real-time, the sirens just went off, missiles are coming, we struck here, we struck there and hamas on t
. >> do babies know right from wrong and good from evil. >> president obama hosted a screening of the new movie "lincoln" after the movie joe biden was like whoa i did not see that ending coming. >> i'm charlie rose with gayle king. norah o'donnell is in washington. air raid sirens went off in tel aviv, israel this morning. a rocket fired by militants in gaza landed in the sea. second attack in two days on tel aviv. >> throughout the night israeli forces...
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complex, barack obama's team is organizing. and they're targeting. and instead of talking about conspiracies in the media, josh, they're targeting voters in ohio. instead of talking about how the polls are skewed, they're making phone calls. while we are basically in this cocoon where our websites, our tv shows and our radio shows, talk show hosts are telling us, everything's okay. you're going to win. and anybody that says otherwise is just a part of the left-wing socialist conspiracy. >> i think that's why there was that thunderstruck disbelief among conservatives and apparently among romney himself the day after the election that they had actually lost. they didn't belief it would happen. and i think if romney had had a chance to break free of that entertainment complex, hadn't felt obligated to consistently kind of pander to it in his ineffective style, it would be more like the romney in the first debate who had that broader appeal that you're talking about, he might have been more successful. >> i'm going to save the supe
complex, barack obama's team is organizing. and they're targeting. and instead of talking about conspiracies in the media, josh, they're targeting voters in ohio. instead of talking about how the polls are skewed, they're making phone calls. while we are basically in this cocoon where our websites, our tv shows and our radio shows, talk show hosts are telling us, everything's okay. you're going to win. and anybody that says otherwise is just a part of the left-wing socialist conspiracy....
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has a legacy that he has to protect right now. have watched as democrats have picked up seats in the senate and the house and president obama has been reelected. they do not want to be seen as obstacles to a deal that pushes the economy into a better place. both sides have some political reason to do business right now. in the short term, there will be some kind of bridge. lori: speaking of that bridge in the republican, we did hear from john boehner once today. revenue has to be part of this deal. that is -- what do you mean that means? >> i think what it means is they have been talking about raising taxes on people making more than 250,000 were certainly more thhn 1 million. the billion landmark is acceptable. what really will go on is democrats will insist on more than $250,000. republicans may lower their estimates for people who are billionaires for people who make half a million. melissa: to think we will see any real spending cuts, though? >> oh, absolutely. if you go back to simpson bowles, if you talk about democrats, peo
has a legacy that he has to protect right now. have watched as democrats have picked up seats in the senate and the house and president obama has been reelected. they do not want to be seen as obstacles to a deal that pushes the economy into a better place. both sides have some political reason to do business right now. in the short term, there will be some kind of bridge. lori: speaking of that bridge in the republican, we did hear from john boehner once today. revenue has to be part of this...
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we're going to tell you what president obama is doing about it right now. plus, a look at the likely consequences of an all-out ground war in gaza. they are very disturbing. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> viol
we're going to tell you what president obama is doing about it right now. plus, a look at the likely consequences of an all-out ground war in gaza. they are very disturbing. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not...
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they believed the obama administration should have known right away this was not as spontaneous attack. they want to know who knew what, when. did the president know about the attack? when did his national security team know about the attack? there were people in tripoli and libya with the state department saying there was not enough security concerns because of some of the things going on in libya at the time. good >> the senators made remarks about you in ambassador susan rice. what did they say? >> basically, they do not trust her. they think she should have known better. it looked to be a spontaneous response. they think it is clear there was an organized element. the white house is saying, and today we heard from a democrat who said the intelligence community reaffirmed that was the best information they had at the time. she was repeating the information they provided her. now those intelligence committees, they will hear from david petraeus. what do they want to know from former director petraeus? >> they said this was going to be specifically about benghazi. there is not going t
they believed the obama administration should have known right away this was not as spontaneous attack. they want to know who knew what, when. did the president know about the attack? when did his national security team know about the attack? there were people in tripoli and libya with the state department saying there was not enough security concerns because of some of the things going on in libya at the time. good >> the senators made remarks about you in ambassador susan rice. what did...
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. >>> general petraeus on capitol hill right now. the first time we've seen him since he resigned over an affair. will he put those questions to rest about benghazi? >>> president obama welcomes congressional leaders to the white house this morning. same people, same ideas on the table. is there a new willingness, though, to compromise? >>> a tragedy in texas. a freight train crashes into a parade float carrying veterans. the question is, what went wrong? >>> former director of the budget office, peter orszag will join us, jeff sessions is with us, actress jada pinkett smith will join us and kelly reilly from the movie "flight." "starting point" begins right now. welcome back, everybody. our team this morning, richard socarides is with us. economics editor at the economist. will cain is a columnist at the blaze.com. john berman is with us, helping us out with news. christine romans is sticking around, helping us out with business. fiscal cliff, 46 days and counting, we'll fall off the fiscal cliff. although some people have talked ab
. >>> general petraeus on capitol hill right now. the first time we've seen him since he resigned over an affair. will he put those questions to rest about benghazi? >>> president obama welcomes congressional leaders to the white house this morning. same people, same ideas on the table. is there a new willingness, though, to compromise? >>> a tragedy in texas. a freight train crashes into a parade float carrying veterans. the question is, what went wrong? >>>...
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thank you very much everybody. >> president obama on staten island. >> all right, guys, hang in there. >> coming up, reaction to the hearings about the september 11 attack of the u.s. consulate in benghazi. and then the confirmation hearing and then eric holder on the deal for the settlement with bp oil. the federal reserve chairman alan greenspan and paul volcker held a forum on the fiscal cliff. we will bring the event to you live starting at 8:15 eastern on c-span 2. the house and senate intelligence committee held meetings looking into the libya. next we hear from house select intelligence committee ranking member, diane feinstein and the vice chairman. >> do you still talk with an accent? i think what is important about the hearing is the fact that members of the intelligence committee were able to get a lot of facts. i think what really occurred as far as benghazi was concerned, we went through a timeline. we went through representatives , the cia, and the fbi, and i think when members were able to see the time line, the sense was still the same. you have a group of extremists w
thank you very much everybody. >> president obama on staten island. >> all right, guys, hang in there. >> coming up, reaction to the hearings about the september 11 attack of the u.s. consulate in benghazi. and then the confirmation hearing and then eric holder on the deal for the settlement with bp oil. the federal reserve chairman alan greenspan and paul volcker held a forum on the fiscal cliff. we will bring the event to you live starting at 8:15 eastern on c-span 2. the...
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. >> all right, ben. in jerusalem this morning. thanks. >>> coming up later, soledad will be speaking to israel's deputy foreign minister. that's in our 7:00 hour. >>> here at home, president obama will have the four top leaders of congress over to the white house today to begin talks on avoiding the fiscal cliff, which could plunge the u.s. economy back into a recession. both side say there is room for compromise, but at the same time, it appears democrats and republicans may have dug in on their long-held positions concerning tax hikes and spending cuts. jill doherty is in our washington bureau. good morning to you. >> good morning. >> jill, both sides have said they are optimistic about a deal here. they're also not budging on some key issues. >> yeah, i mean, there is some room around the edges, but essentially, and this is the the opening gambit, of course. they're both talking about taxes. the president saying -- and revenue. the president saying that he wants more revenue from the wealthiest americans and the republicans and
. >> all right, ben. in jerusalem this morning. thanks. >>> coming up later, soledad will be speaking to israel's deputy foreign minister. that's in our 7:00 hour. >>> here at home, president obama will have the four top leaders of congress over to the white house today to begin talks on avoiding the fiscal cliff, which could plunge the u.s. economy back into a recession. both side say there is room for compromise, but at the same time, it appears democrats and...
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"squawk on the street" begins right now. >>> president obama has already met with labor leaders, progressives and a dozen ceos but this morning he holds a meeting with congressional leaders on avoiding a fiscal cliff. wall street wants to know if they can strike a deal. welcome to "squawk on the street" i'm ellitel melissa lee. carl quintanilla is at the white house this morning. good morning. >> good morning. as you mention, melissa, an amazing week of meeting at the white house. none of them really matter when you put them up against the meeting that's about to happen in this building in an hour from now. speaker boehner, senator mcconnell, senator reid, democratic leader pelosi, all will come here and speak for a couple hours. day one of negotiations. nobody is expecting huge news but as jim has already tweeted out this morning, the market is going to look for signs that this tone of compromise that we've heard so much about all week long is that for real or are talks going to break down in early stages? the market specifically is going to depend on that tone today and we'll bring that liv
"squawk on the street" begins right now. >>> president obama has already met with labor leaders, progressives and a dozen ceos but this morning he holds a meeting with congressional leaders on avoiding a fiscal cliff. wall street wants to know if they can strike a deal. welcome to "squawk on the street" i'm ellitel melissa lee. carl quintanilla is at the white house this morning. good morning. >> good morning. as you mention, melissa, an amazing week of...